UAE’s ADNOC chief revises forecast and sees oil demand above 100mln barrels per day until 2040
The ADNOC chief's forecast of oil demand exceeding 100 million barrels per day until 2040 signals robust long-term fundamentals for the oil market.
Newsquawk Daily European Opening News - 27th January 2026
Infrastructure facilities in the Lviv region of western Ukraine were hit by a Russian strike, according to the regional governor
UAE’s ADNOC chief revises forecast and sees oil demand above 100mln barrels per day until 2040
Japan and the US are reportedly to announce several projects in a first batch under the USD 550bln scheme
Japanese Machine Tool Orders YY (Dec F) 10.9% (Prelim. 10.6%)
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This revision may suggest sustained price support for WTI and could influence OPEC's production strategies, particularly in balancing supply against rising demand expectations. Traders should watch for reactions in energy stocks and related commodities as this outlook implies extended bullish sentiment.
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